Commercial coverage
Equipment, tools and property in transit.
Property may need different forms depending on whether it stays at the shop, moves between locations or is being installed.
Match the form to the property
Commercial Property may cover scheduled locations. Inland Marine can address mobile equipment, tools, transit or installation exposures. Equipment Breakdown may respond to certain accidental mechanical, electrical or pressure-system failures, subject to its terms.
Cause of loss and location matter
Mechanical breakdown, fire, collision, theft, flood, installation damage and defective workmanship are not automatically treated the same. The form, covered cause, valuation and property location determine the response.
Software and obsolete machinery
Modern production equipment may depend on proprietary controls and software, while older machinery may have no direct replacement. Include controls, freight, installation, foundations, calibration and realistic lead time in the valuation discussion.
Talk with a specialist